stable coins

Story: Revolut Axes USDT Amid MiCA, But Global Demand Soars with Lemon’s $9.3B Volume

By Evie Vavasseur

1 / 15

Emerging Markets Pick Up the Slack. Argentina is probably the clearest example of where stablecoin growth is actually happening right…

2 / 15

OKX Moved Early, Others Scramble. OKX Europe didn't wait for the July 1 deadline. The platform had already pulled USDT well before…

3 / 15

Europe pulled the trigger. Revolut said it would remove USDT from its European platform after August 31, falling in line with the Markets in Crypto-Assets framework — MiCA —…

4 / 15

But here's the thing: globally, nobody seems to care that much. A report cited by Artemis Analytics found no major shift in USDT supply or demand that could be traced directly…

5 / 15

Argentina is probably the clearest example of where stablecoin growth is actually happening right now. Lemon, a key Argentine crypto platform, processed $9.

6 / 15

Brazil's in the same story. Users there lean on stablecoins for regular transactions and international transfers, not just as a speculative play.

7 / 15

The pattern is clear enough. Stablecoins aren't just a store of value anymore. They've become financial infrastructure in places where the local banking system doesn't cut it.

8 / 15

Read also: Revolut Cuts USDT for Europe as Argentinas Lemon Hits $9.3B in Stablecoin Volume

9 / 15

Not every platform was that prepared. Revolut's announcement came closer to the wire, and it's probably not the last one.

10 / 15

Euro-denominated stablecoins are getting more attention now, especially from institutions. The logic is straightforward — if you're operating in euros, a euro stablecoin removes…

11 / 15

It's unclear yet whether euro stablecoins will carve out serious market share or stay a niche institutional tool.

12 / 15

What's less murky is the global trajectory. Stablecoin adoption across emerging markets has grown sharply, and the use cases keep expanding.

13 / 15

See also: Operation Asterix Exposes 885,000 Phone Numbers Targeting Binance and Ledger Users

14 / 15

MiCA's reach is real inside Europe. Outside Europe, it's kind of irrelevant. The platforms adjusting fastest are the ones that figured that out early — like OKX — and built…

15 / 15

Lemon processed $9.3 billion. Tron daily users up 44%. Revolut cuts USDT after August 31.

The Currency Analytics

Want the full story?